VOL. XLII

No 48

29-November-1999

JORDAN

Moodys Assigns Ba3 Rating To Jordanian Bonds

Moodys Investors Service announced on 24 November that ithad assigned a rating of Ba3 to the domestic currency-denominated bonds issuedby Jordan. The move was attributed to macroeconomic improvements in thecountry, notably in the field of fiscal management. According to a statementfrom the ratings agency, Jordan has improved revenue collection machinery andplans to submit new revenue raising measures to...